Eni Confirms Potential of Ken Bau Discovery in Offshore Vietnam
July 27 2020 - 6:05AM
Dow Jones News
By Giulia Petroni
Eni SpA said Monday that it has confirmed a significant
hydrocarbon accumulation in the Ken Bau discovery in Block 114 in
offshore Vietnam.
The Italian oil-and-gas company said preliminary estimates point
to a range between 7 trillion and 9 trillion cubic feet of raw gas
in place with 400 million to 500 million barrels of associated
condensates.
The exploration well will now be plugged and abandoned,
according to the company.
"Results confirm the importance of the discovery made in 2019,
and Eni Vietnam's and its partner Essar E&P efforts to swiftly
appraise the full extent of the accumulation despite the
significant operational challenges posed by the Covid-19 pandemic
during these months," it said.
Eni Vietnam has a 50% share in the block.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
July 27, 2020 05:50 ET (09:50 GMT)
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